XALI GOLD – HAS A BONANZA OF GOLD & OPPORTUNITYXALI GOLD – HAS A BONANZA OF GOLD & OPPORTUNITY
Horsewithnoname,
If Luismin Mining, one of Mexico’s largest gold and silver producers determined that 600,000 oz of gold was still sitting in just a portion of one of the El Oro veins then that is some dependable information!
600,000 oz of gold is worth $1,320,000,000 USD!!
* Lusimin Mining was acquired by Wheaton River Minerals, Goldcorp then acquired Wheaton River Minerals, Goldcorp then merged with Newmont Mining. Newmont is worth $50 Billion!
Consider only the 600,000 oz of gold and multiply it by $400/oz (avg. takeover price in 2022) then Xali Gold could be bought out for $240,000,000 USD or more, to me that is remarkable considering Xali Gold’s current market cap is only $7 million.
Xali Gold is a huge opportunity for investors and there are many reasons why:
Reason #1:
The new agreement recently announced between Xali Gold and Kappes, Cassiday and Associates (KCA) to finally begin processing the tailings from El Oro without “any further permitting” is remarkable.
Investors have been waiting for this and now it’s happening!!
KCA is widely recognized in the international mining industry with clients such as Agnico Eagle, Barrick, Golden Queen, IAMGold, Argonaut Gold, Pan American Silver, SSR Mining, ORLA Mining and Kinross Gold.
https://kcareno.com/
The El Oro tailings contain an estimated 110,000 oz gold and 3,061,200 oz silver which is worth approximately $300,000,000 USD. This is all going to be processed ASAP!
If you add the above 600,000 oz to the El Oro tailings, the value in the ground is already $1,620,000,000 USD!!
Yes that is “B” for BILLION!
Xali Gold is a Bonanza!
Reason #2
It has now been reported that the SDA plant in western Mexico is operational and is going to be processing gold and silver. This adds more value to Xali Gold!!!
https://youtu.be/6EFhGBJ-dDs?si=8W5jYSKXOR91VyMs
Reason #3
Very interesting are the discussions mentioning extracting gold from the historical El Oro underground workings and then at the same time begin drilling El Oro high-grade gold/silver targets! I sure hope we hear more news on this soon!
Drilling El Oro is very important news as a stacked system of gold/silver sits below the historic workings which were only mined to a depth of 200m.
Reason #4
Buddingtonite is a key factor to determining a high-grade gold/silver deposit and El Oro has a lot of it!
Buddingtonite is an ammonium feldspar mineral that is directly associated with high-grade gold & silver veins.
Buddingtonite was a key indicator of the hugely successful Juanicipio joint venture with MAG Silver and Fresnillo.
https://www.fresnilloplc.com/portfolio/mines-in-operation/juanicipio/
https://xaligold.com/projects/mexico/hard-rock/maps-and-sections-el-oro-hard-rock/
Xali Gold has extensive evidence of a stacked system similar to Guanajuato, Fresnillo, & Pinos Altos where multiple new ore bodies have recently been found up to 650m below old workings.
Xali Gold has 100% interest in the El Oro district.
The potential for El Oro to host significant additional gold resources is exceptional!
Reason #5
Xali Gold is in discussions with several other companies to acquire gold and silver exploration projects in Peru. The exploration projects are either high or low sulphidation systems, where Xali Gold's technical team has extensive experience.
Gold is above $2300/oz
It is impossible not to see the opportunity presented with Xali Gold (XGC.v)!!
20x upside potential!!